Advisory - Financial Services Risk, Data & Regulatory Manager - Market Risk

Deloitte Risk and Financial Advisory's Financial Services Industry (FSI) Risk, Data and Regulatory professionals help organizations identify the changes impacting their business and implement effective and efficient processes to manage dynamic business and regulatory requirements in multiple areas including market risk management. This will entail supporting clients as they respond to evolving environments and implement programs, measures, and tools to address needs related to market risk management and reporting with a focus on risk, data and regulatory processes.

Work you'll do

The ideal candidate will have a genuine passion for driving strategic transformation in the financial services industry combined with relationship-building, leadership, and communication skills. The ability to bring together stakeholders and persuade senior clients to act is essential. A genuine passion for the financial services industry, combined with relationship-building, leadership, and communication skills will be critical to success. Candidates should be energized by continuous personal improvement, proactively seeking out new skills and perspectives and exhibiting openness to coaching from senior colleagues and reviewing the work of and contributing to the development of junior staff. Your responsibilities will include:

• Supporting engagement delivery and internal initiatives in response to evolving environments in the areas of risk management and regulatory compliance
• Leading and delivering small engagements, or components of large, complex engagements for financial services clients. Typical engagements include implementation support, process improvement, operating model design and implementation, risk assessment and management, and controls testing engagements across three lines of defense
• Working on engagements in a team-based environment, partnering directly with clients and Deloitte colleagues
• Using a combination of direct management and hands-on delivery to craft solutions for clients, guide and oversee the quality of the team's deliverables and recommendations and manage day-to-day stakeholder relationships
• Contributing to Deloitte's thought leadership and business development activities including in areas of risk management and stress testing
• Overseeing the engagement activities and development of junior staff

• Master's degree in Computational Finance, Mathematical Finance, or similar type of degree
• 7+ years of experience in a financial services organization (preferably a bank, capital markets organization or broker-dealer), regulatory agency, or consulting firm focusing on market risk or market risk technology
• Strong experience with building market risk VaR/SVaR calculation engines and components, i.e. sensitivity/grids sourcing, time series sourcing, scenario generation, Service and VaR Pricing
• Solid understanding of underlying data model and ETL layers commonly used with VaR/SVAR engines
• FRTB implementation experience
• Development of market risk project documentation such as Business Requirements Documentation, Functional Requirements Documentation, Technical Requirements Documentation and User Acceptance testing documentation
• Demonstrate strong project management skills, executive messaging, deliverable development, and success acclimating to a team delivery model
• Ability to work in a collaborative, team-based environment to solve business challenges and drive change in large organizations
• Project management lifecycle skills, including defining work flows, defining business, functional, and technical requirements documents, detailed project planning, process and data mapping, defining key risks, testing, status monitoring, problem tracking and resolution
• Eagerness to mentor junior staff
• Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future.
• Ability to travel up to 50% (While up to 50% travel is a requirement of the role, due to COVID-19, non-essential travel has been suspended until further notice)

• Certification (e.g. FRM or CFA)
• Familiarity with risk and regulatory reporting (e.g., Basel, CCAR)
• Familiarity with stress testing implications and processes associated with market risk and relevant trading portfolios
• Working knowledge of scenario analysis, historical simulated value at risk (VaR), Stressed value at risk (SVaR), US Basel III risk-weighted-assets (RWA) including standardized charge calculation